Question

QUESTION 29 All of the following are needed for the calcalation of straight lne depeeciation escegt Oaestimatend hfe Ob residual value Oc units prodaced Od cost QUESTION 30 Jefferson uses the percent of sales method of estimating uncellectble expenses Based on past htory, 2% of cndt sales following is corect reganding the entry to recoed estimated uncellechible seceisables Oa Accounts Receivable will be debited Ob Bad Debe Expense will be credeed Oc Cash will be debited O4 Allowance for Doubeful Accousts will be credited peced to be ecble Salm de c y 350000 of de QUESTION 31 Dahon Company uses the allowance method so accoust for uncollectible receivables Dahon has deteminnd that the Irih Company accost is uncollectle Oa Bad Debt Expease and credit Accounts Receivable To we aff ac Da shold deb Ob Allowance for Doubtful Accousts and ceedit Accousts Receivable OC Acceunts Receivable and ceeda Allowance for Dosbeful Accounts Od Bad Debe Expense and credit Allowance for Doubeal Accounts QUESTION 32 What method do we use to deduct the expense of equpment? O Depletion O Unts of Production O Depreciation O Amortiration QUESTION 33 What method do we use to deduct the expense of a nahural asset? O Depreciaion O anortication O depletion O Units of Production

Answer 1

29.

c. Unit produced

30.

d. Allowance for doubtful accounts will be credited

31.

b. Debit allowance for doubtful accounts and credit accounts receivable

32. Depreciation

33. Depletion